Added: Lakara Marable - Date: 21.03.2022 16:50 - Views: 15410 - Clicks: 870
Demand is strong and sales are running above the pre-pandemic pace. Inventory is still historically low, but in June it began to rise as more owners listed their homes for sale. As they the fray and builders bring more new homes to market, buyers will enjoy greater choice, and sellers will have to step up their game in a more competitive environment. Some are small projects that you could do yourself fairly quickly and cheaply. Others require more time, money and planning to find and hire contractors and get materials, which can be a tough ask amid a remodeling boom and shortages of albor and materials.
As the housing market continues to rebound, would-be sellers should think twice before skipping out on updating areas of their home in need of serious upgrades. Home buyers are willing to spend big on homes with higher quality finishes in sought-after neighborhoods. Lewisa real estate broker with New York City-based realty firm Compass. Make sure your home is in top condition to get the most attention and the highest possible price. However, the cost of inaction can be far greater than the small loss you'll incur on any home-improvement projects. In fact, it may cause your house to linger on the market longer.
As a result, you'll likely have to pay ongoing mortgage, maintenance and staging costs. Consumer tastes can vary by region, so consult with your real estate agent to find out which home features are in high demand in your area, advises Dr. Jessica Lautz, vice president of demographics and behavioral insights for the National Association of Realtors. We also used their Features Home Buyers Consider Essential survey, which identifies the most desirable home features among prospective first- and second-time home buyers. Estimated project costs come from HomeWyse.
More than anything else, homeowners want a dedicated laundry room where they can hide the dirty clothes and stack the clean ones until they get put away. Potential buyers will see it as a huge benefit," says Paul Sullivan, founder and president of the The Sullivan Companya Newton, Mass. If you don't have an existing laundry room and want to add one, the basement is usually the easiest and cheapest place to put itSullivan advises. The utility lines are already there, and in many cases the basement is unfinished, so you won't have to demolish anything first.
Add good lighting and a utility sink, where you can wash out or presoak heavily stained or dirty items. Depending on your budget and space, you can add stock or custom cabinetry, a folding table or countertops. Illuminating a well-manicured lawn with exterior lighting can help grab potential buyers' attention before they even set foot in the front door. In fact, exterior lighting is the most-wanted outdoor feature patio was secondaccording to the NAHB report. Options include spotlights, walkway lights and pendant lights.
Aesthetics aside, exterior lighting also serves as an added safety feature for your home, says Daniel Hurst, owner and general manager of Hurst De-Build-Remodela Middleburg Heights, Ohio-based home remodeling company. Motion-sensor lights, for example, turn on automatically whenever there is movement outside your house.
Ceiling fans create a wind-chill effect that helps cool the people sitting in the room. Homeowners should be able to raise the thermostat level by four degrees without a reduction in comfort while the fan is in use with air conditioningaccording to Energy. The fans work best at that height and when they're hanging 10 to 12 inches below the ceiling. In temperate climates, or during moderately hot weather, ceiling fans may allow you to avoid using your air conditioner altogether. Would-be buyers looking to limit utility bills will be drawn to properties with Energy Star-qualified windows and appliances.
Today's home buyers expect energy efficiencies," Compass's Lewis notes. If you don't already have these features, examine your remodeling budget and decide where you can afford to spend. Energy Star-qualified windows have two or three panes of glass with an invisible glass coating, vacuum-sealed spaces filled with air or inert gas between panes, sturdier weather stripping than regular windows and improved framing materials -- all of which reduce undesirable heat gain and loss in the home.
Once installed, sellers should be sure to play up these money-saving features in their home listings. In today's housing market, outdoor living spaces have become the most coveted outdoor home feature.
Also, outdoor areas offer more living space without the cost of a large-scale home addition. With the popularity of home renovation reality shows, many buyers have come to expect the eye-catching features they see on TV in real life, the NAR's Lautz says. The more expensive the home, the more buyers desire such exterior features as an outdoor kitchen, fireplace or built-in grill, says the NAHB.
Because patios are generally made of concrete or pavers, they tend to cost less than a wood deck or porch to construct and are generally easier to maintainsay, with powerwashing versus periodic staining and resealing or painting. However, their resale value will likely be less than a deck or porch, according to BobVila. Throughout the pandemic, the kitchen sink has been getting a workout as homeowners have cooked more and done more dishes. Builder-grade sinks are often too shallow to be most practical. A porcelain finish is lovely, but is prone to staining, scuffing and chipping. Stainless steel is durable and easy-care.
To make installation easier and cheaper, match the size, shape, type of installation drop-in or undermount and of holes for faucet, sprayer and soap dispenser of the new sink to the old one. At Lowes. A walk-in pantry is the second-most-coveted kitchen feature among buyers polled in the NAHB's report. Home buyers with families know that the kitchen can quickly become overcrowded when there's not enough space to store the essentials think: canned goods, condiments and food storage containers.
And those who shop in bulk at warehouse clubs or big box retailers or online to avoid making frequent trips and face in-store crowds will need extra space in the kitchen area to store their goods. Unlike reach-in closet pantries with sliding doors that offer limited space, walk-in versions allow homeowners to store larger quantities of non-perishable food items and other kitchen essentials just steps away from the food prep areasuggests Neil Parsons, a project deer for Move or Improvea Matawan, N. Walk-in pantries are typically 5x5 feet and have U-shaped open shelves or cabinets with a countertop, according to ThisOldHouse.
Make sure the pantry is situated somewhere that is cool and dry. A front porch provides a place between curb and front door where homeowners can relax, watch the world go by, and interact with friends and neighbors, socially distanced if need be. However, the overhanging roof will reduce the natural light your home receives through front windows skylights in the porch roof will help. According to ThisOldHouse. Many newer homes are built with a shallow porch of say, 4 feet deep, more for looks than real-world use.
Make sure the style of the porch matches your home. If you already have a porch, provide comfortable seating without overcrowding the space. Add pops of color with cushions, pillows and a rug meant for exterior use and containers of flowers. Hardwood flooring offers a natural look, is less allergenic, is easier to maintain and is more durable than carpetwhich needs to be replaced every 10 years or so. It can be refinished periodically and lasts a lifetime. Sellers on a budget may want to buy engineered wood flooring which is a hardwood veneer on top of several layers of other types of wood that form a plywood core.
A full bath incorporates sink, toilet, and tub and shower. Families like one on the main floor it because parents can supervise bath time of older children while cleaning up the kitchen after dinner. Mature people like it because of the potential to live on one floor, especially if an adjacent room could be converted to a bedroom. An existing powder room could be converted to a full bath by incorporating space from an adjacent closet, room or hallway.
The typical space required for a small bathroom, with a tub-and-shower combination, is 40 square feet typically 5 feet by 8 feetaccording to Improvenet. Mature folks may want a separate, walk-in shower, which requires a bit more space 45 square feet, or 5 feet by 9 feet. Consider swapping a swing door for a pocket door and adding features to enhance accessibility, such as a wider doorway, nonslip flooring and grab bars. Because they cast light in one direction, LED bulbs are great for recessed down lighting or task lightingand because they emit very little heat, they work well in the kitchen, which may already be hot enough.
LED bulbs come in a variety of models. Although their brightness is measured in lumens, packaging is generally marked with familiar watt equivalents, such as 60 or watts. You can select from a range of color temperatures, too, warm to cool, including, for example, soft white or bright daylight, depending on where the bulb will be installed and your preference. For example, you might not want a cool bulb that emits a bluish cast in the kitchen. Many models are dimmable. At bulbs. To take it a step further, you could install a few smart LED bulbs that you can operate from an app on your smart phone.
Install them in key locations, so that you can turn lights on as needed when your home will be shown. Eat-in kitchens—that is, table space for eating in a kitchen—are a must-have for second-time home buyers who were polled by the NAHB. They're especially attractive to families with children. Such flexible spaces proved more important then ever during the pandemic.
If you're on a tight budget and can't afford to knock out a wall to create more space for a table and chairs, consider adding a center island with room for bar stoolsParsons suggests. You can purchase prefabricated kitchen islands with space for seating. For example, at Wayfair. In recent years, formal dining rooms and closed floor plans have taken a backseat to open floor concepts in today's home models. While these layouts help maximize space, there are still home buyers who desire the charm and unique features that come with older homes.
This includes a separate dining area distinct from the kitchen. Real Estate, a Charlotte, N. It makes your guests feel special," she adds. This is especially true during holiday gatherings or sit-down family dinners. If you have an older home with a closed floor plan, it may be time to modernize your dining room area to help attract buyers. The cost listed here for a small-scale remodel includes installing new flooring, doors, switchplates, decorative hardware and recessed lighting.
Many of these features come standard in newer home models. If your home has an open floor plan, there are still ways to create a dining space that feels separate. You can add an over-the-table lighting fixture or incorporate a tray ceiling to help define a particular area of the main living level -- perhaps just off the kitchen. While walk-in closets aren't among the top demands of all homebuyers, they're highly sought after among second-time homebuyersaccording to the NAHB.
If you live in an older dwelling with a reach-in closet, it may be time for a revamp if you're considering putting the house on the market. Couples generally want a closet with more space, because they'll be sharing it. Meanwhile, singles might desire the flexibility of being able to store their personal belongings -- from clothes and shoes to jewelry and other accessories -- in one place, while keeping them organized.
For would-be sellers with older homes that have less space, a full closet renovation in the master bedroom may not be practical. However, you still have options that will help make your property more appealing. Update an existing reach-in closet by installing an organization system complete with shelving units and hanging rods for clothes.Hot model seeks room
email: [email protected] - phone:(457) 861-9785 x 8417
Here Come Hot Desks and Zoom Rooms. And Holograms?